Boqueron 2 Group
One of the group members is Maria. Her questionnaire showed that she is a middle-class business owner who with her profits is trying to help her family. María makes a living preparing and selling foods such as empanadas, sandwiches, croquettes, and others. Maria knows that her foods are delicious because business has gone very well for her. She is a very skilled cook who hopes to expand her business in order to help her family.
Maria is requesting this loan in order to buy more ingredients for her foods such as vegetables, condiments, beef, ham, cheese and others to help her carry out her business plan and increase her profits.
Una de las integrantes es la Sra. Maria, quien en su encuesta mostro estar en un nivel medio, y con esos ingresos esta tratando de ayudar a su familia. Ella se dedica a la venta de comestibles, como ser empanadas, sándwich, croquetas y demás, y cuenta que sus comidas son muy ricas, por eso que le está yendo muy bien. Es una persona muy hábil con las comidas, y quiere seguir creciendo para ayudar a su familia.
La Sra. Solicita de este crédito para la compra de mas ingredientes para preparar las comidas, como ser verduras, condimentos, carnes, jamón, queso y demás, lo que le ayudará a tener a concretar su plan de negocio, el cual le ayudará a mejorar sus ingresos.
More information about this loan
This loan is part of the innovative “Poverty Stoplight” program developed by Fundación Paraguaya for women living in poverty. A “stoplight” measurement tool is used to help borrowers self-identify the type of poverty that affects them most (lack of income, dearth of financial opportunities, poor living conditions etc.). Borrowers rate 50 areas of their life as green (not poor), yellow (poor) or red (extremely poor). Together with their loan officer, they come up with a plan to resolve yellow and red indicators. Through this program, Fundación Paraguaya hopes to lift 9,000 women and their families out of poverty by 2017.
To learn more about this unique approach to eliminating poverty, you can read this article on Fundación Paraguaya’s website.
About Fundación ParaguayaFundación Paraguaya is a financially self-sustaining social enterprise that promotes entrepreneurship in urban and rural areas through microfinance, education programs, and more. Its focus on agriculture has helped many farmers boost their crop yields. And a number of other borrowers have taken out loans to start and grow social businesses that have helped deliver eyeglasses, medicines and other helpful services in their local communities.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.
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